Trading Bitcoin – From Thousands To Millions In Months!

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Trading Bitcoin – from thousands to millions in months!

When you think of trading or investing, you probably think of stocks and bonds. You might also think of commodities, currencies and whatnot. But strolling into a mutual fund manager’s office and mentioning Bitcoins would probably get you an odd look, assuming he or she is not an avid reader of TechCrunch.

Introduced in 2009, the electronic currency Bitcoin is exchanged through its own payment network. The Bitcoin can be stored in a virtual wallet and has been described as a cryptocurrency; a decentralized, peer-to-peer currency which relies on cryptography to facilitate currency generation and transactions. To prevent double-spending, computers known as “miners” receive transaction fees and free Bitcoins in exchange for running a proof-of-work system.

If you’re just looking on how to invest in Bitcoins, sign up with Coinbase and get started. By using THIS LINK you’ll get $10 in bitcoins after you buy $100 in Bitcoins.

Now, if you’re looking to become a Bitcoin millionaire, keep reading.

“Do You Take Bitcoins?”

The Bitcoin is essentially a speculative vehicle for geeks. Basically, do not eat out and expect to pay for the meal with Bitcoins. Not long ago you could have bought illicit drugs with the currency, but the FBI closed down “Silk Road” earlier this year, which allowed people to buy illegal substances anonymously.

Some legitimate vendors have taken to Bitcoin, allowing customers to purchase real products and services with the digital currency. Richard Branson of the Virgin Group has even decided to accept Bitcoins through his Virgin Galactic. Reddit allows you to use Bitcoin to buy Reddit Gold. Yes, you can’t buy your everyday groceries with Bitcoins, but you can buy a trip to space. While some everyday vendors have looked into accepting Bitcoins too, most of the demand for the currency has been fuelled by speculators, rather than early adopters.

If you’re looking to use Bitcoin to pay for stuff, you need a Bitcoin wallet like Coinbase. It’s a simple website/app that allows you to securely store your Bitcoins and sell them.

With so much volatility, using Bitcoins in everyday life would be extremely risky anyway. Coinbase is one of the major Bitcoin exchanges, which allows you to buy and sell Bitcoins as you please. You sign up, deposit real-world money and exchange the currency with relatively low fees.

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